Lufthansa Group will cut capacity to no more than a quarter of previous-year levels for the rest of the 2020 after disclosing a third-quarter net loss of almost €2 billion ($2.3 billion). Lufthansa Group will cut capacity to no more...
Lufthansa Group will cut capacity to no more than a quarter of previous-year levels for the rest of the 2020 after disclosing a third-quarter net loss of almost €2 billion ($2.3 billion). Lufthansa Group will cut capacity to no more...
Australia’s Regional Express (Rex) has taken delivery of its first of six Boeing 737-800 aircraft, as it mulls taking up to 10 examples by the end of 2021. The aircraft, stripped of its previous livery save for a ring of...
The Tupolev Tu-160M strategic bomber has conducted its first flight using updated United Engine Corporation NK-32-02 engines. The flight lasted for 2h 20min and the aircraft reached an altitude of 19,700ft, according to Russian defence holding company Rostec. Source: United...
Budget carrier Wizz Air is confident that it would be able to survive a severe deterioration in the air transport crisis, having considered scenarios in which the entire fleet had to be grounded for the second half of the year....
Embattled Thai Airways has put up its entire Boeing 747 and its 777-200/300 fleet up for sale, as it aims to raise cash amid a long-drawn business rehabilitation process. The Star Alliance carrier disclosed on its aircraft trading website that...
AirAsia X (AAX) has agreed to classify Malaysia Airports as a secured creditor, as it seeks to expedite its massive debt restructuring programme. “After consultation, AirAsia X has accommodated [Malaysia Airports] and made certain clarifications and revised the scheme under...
China Airlines plans to inject more capital into low-cost unit Tigerair Taiwan, as part of a move to “optimise the capital structure” of the LCC. The SkyTeam carrier discloses that it will pump about NT$657 million ($23 million) into Tigerair...
The Covid-19 crisis has forced lenders to reassess their traditional view of flag carriers as relatively safe credits due to their implied government support, two aviation financiers have suggested. Going into the crisis in March, Deutsche Bank’s Richard Finlayson expected...
The International Test Pilots School Canada has signed a memorandum of understanding with Korean Aerospace Industries to promote the KAI FA-50 light attack jet for tactical and adversary training. The International Test Pilots School (ITPS) Canada has signed a memorandum...
Gulfstream will by year-end have delivered a combined 92 G500 and G600 aircraft since the first of the pair entered service in 2018. Gulfstream will by year-end have delivered a combined 92 G500 and G600 aircraft since the first of...